ITALY – Energy Dome, a Milan, Italy-based energy storage company, raised additional €15M in Series B funding.
The round, which brought the total amount to €55M, saw participation from Innovation Development Oman Investments, Vopak Ventures, Sagana, 360 Capital Partners and CDP Venture Capital.The company intends to use the funds to enter full commercial scaling mode on a global basis, while further accelerating its growth as it executes on a project pipeline of more than nine GWh for utilities, independent power producers and corporations across five continents.Led by Claudio Spadacini, Founder and CEO, Energy Dome is providing energy storage and enabling grid decarbonization by making solar and wind power dispatchable 24/7. The company invented and developed the CO2 Battery, a long-duration energy storage system that makes long-duration energy storage viable globally today. The properties of carbon dioxide allow the system to store energy efficiently and cost-effectively, with a modular and site-independent footprint. CO2 Batteries use readily available, off-the-shelf components from existing supply chains, providing a scalable pathway to store massive amounts of intermittent renewable energy and accelerate the energy transition.30/06/2023
